and Guarantor shall forthwith pay all amounts, or any of them, to be
 paid thereunder, any interest thereon and any other amounts
 guaranteed hereunder or provided herein. In the circumstance
 described in the preceding sentence, any election of remedies and
 any determination of any such amount may be made solely for purposes
 of this Guaranty and any required notice or demand upon the Lessee
 is hereby waived by the Guarantor and may, at the option of a
 Guaranty Beneficiary, be given or made upon the Guarantor. Guarantor
 agrees that it shall be liable for the full amount of the
 Obligations guaranteed hereby, irrespective of and without regard
 to, any modification,